The state owned Cochin ship yard plans to invest in the ship repair space and in technologies to augment its capacity, its Chairman Madhu Nair was quoted by media reports.
The ship yard has deployed a sum of Rs 3500 crores in setting up mega capex projects including new ship yards in Hooghly in West Bengal and Udipi in Karnataka. The company has invested a sum of Rs 300 crores in these ship yardsx Having already deployed about Rs 3,500 crore in its mega-capex projects, Cochin Shipyard Ltd. plans to further invest in the ship repair space and in technologies to augment capacity.
The shipbuilder recently undertook a
cap-ex program to construct a new dry dock and international ship-repair
facility that will help augment its capacity and increase its execution speed.
CSL is one of the only
shipyards that undertakes the construction of civilian ships and has orders
from Norway and Germany. The company is also one of the major suppliers of
vessels for inland water highways.
India’s largest shipbuilder has
invested about Rs 2,800 crore in a new dry-dock and international ship-repair
facility. With a current order book of over Rs 22,000 crore, the company has
five facilities—Kochi, Udupi, Port Blair, Mumbai and Hooghly. It is the only shipyard with a dry-dock
facility for the construction of large naval ships.